2/64 Lower Gay Terrace, Caloundra QLD 4551

North-facing courtyard | low-body-corp pool complex | walk to Kings Beach | 55% owner-occupied building This property’s primary buying case rests on its uncommon north-facing courtyard and large balcony within a low-density, owner-occupied block—a configuration rarely available in Caloundra’s beachside apartment market. The open-plan layout with abundant natural light and a generous kitchen gives it an edge over newer, smaller units, while the low body corporate fees and pool access reduce ongoing holding costs. It is best suited to a downsizer or holiday-home buyer seeking a permanent coastal base with walkability to Kings Beach and the CBD. The main risk is the 45% renter-occupied ratio in the building, which can affect lending criteria and future capital growth compared to a higher owner-occupier complex. The 2002 last sale date suggests limited recent price discovery, so a building and pest inspection is non-negotiable. The opportunity lies in the suburb’s 36.4% growth trajectory and proximity to the Sunshine Coast Hospital precinct, which underpins medium-term demand. Hold this property as a long-term owner-occupied home or a holiday let to capture lifestyle value and steady capital appreciation.